Style
IndexTurnover
Orientation
Index / PassiveNorthern Trust’s passive orientation is reflected in its broad, market-cap-weighted portfolio of 19,864 positions as of Q1 2026, managing $756.6 billion in assets. The top 15 holdings account for 32.4% of assets, led by a concentrated 5.8% in NVIDIA and 5.3% in Apple, with the top three alone representing 15.0%. Sector allocation is heavily tilted toward Technology at 27.5%, while Financial Services at 9.8% and Healthcare at 8.7% provide modest diversification. This positioning reveals a high conviction in mega-cap growth stocks as core drivers, consistent with a low-cost, index-like strategy that minimizes active risk and aligns with broad market weightings.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 251,042,789 | $50.2B | 5.84% |
| 2 | Apple Inc(AAPL) | 157,785,381 | $45.7B | 5.31% |
| 3 | Microsoft Corp(MSFT) | 78,663,446 | $29.3B | 3.41% |
| 4 | Alphabet Inc(GOOGL) | 65,524,743 | $23.4B | 2.72% |
Latest filing, equity positions only
| 5 |
| Amazon COM Inc(AMZN) |
| 94,581,659 |
| $22.5B |
| 2.62% |
| 6 | Alphabet Inc(GOOG) | 52,301,235 | $18.5B | 2.15% |
| 7 | Broadcom Inc(AVGO) | 48,192,379 | $18.2B | 2.12% |
| 8 | Micron Technology Inc(MU) | 10,808,359 | $12.5B | 1.45% |
| 9 | Meta Platforms Inc(META) | 21,901,618 | $12.3B | 1.43% |
| 10 | Tesla Inc(TSLA) | 25,815,785 | $10.9B | 1.26% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 27.71% | 31.66% | +3.95% |
| Energy | 3.62% | 2.69% | -0.93% |
| Consumer Defensive | 4.47% | 3.85% | -0.62% |
| Consumer Cyclical | 8.5% | 8.02% | -0.48% |
| Financial Services | 11.09% | 10.61% | -0.48% |
| Healthcare | 8.73% | 8.35% | -0.38% |
| Communication Services | 8.52% | 8.18% | -0.34% |
| Utilities | 2.12% | 1.84% | -0.28% |
| Basic Materials | 1.87% | 1.64% | -0.23% |
| Unclassified | 12.66% | 12.56% | -0.1% |
| Real Estate | 2.68% | 2.62% | -0.06% |
| Industrials | 8.03% | 8% | -0.03% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 47.32% | 48.67% | +1.35% |
| Large Cap | 34.22% | 32.58% | -1.64% |
| Unclassified | 12.66% | 12.56% | -0.1% |
| Mid Cap | 4.78% | 5% | +0.22% |
| Small Cap | 0.95% | 1.12% | +0.17% |
| Micro Cap | 0.07% | 0.08% | +0.01% |
Quarter-over-quarter position changes